Price
Financials
Standalone, Rs crore| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.05 | 23.32 | 5.54 | 20.29 | 10.05 | 13.83 | 10.52 | 6.38 | 7.88 | 12.82 |
| Expenses | 2.51 | 21.45 | 4.58 | 17.83 | 8.76 | 12.71 | 9.10 | 8.95 | 7.98 | 11.46 |
| Operating Profit | 0.54 | 1.87 | 0.96 | 2.46 | 1.29 | 1.12 | 1.42 | -2.57 | -0.10 | 1.36 |
| OPM % | 17.70% | 8.02% | 17.33% | 12.12% | 12.84% | 8.10% | 13.50% | -40.28% | -1.27% | 10.61% |
| Other Income | 0.03 | 0.21 | 0.01 | 0.00 | 0.00 | 1.13 | 0.01 | 0.00 | -0.01 | 0.06 |
| Interest | 0.40 | 0.33 | 0.41 | 0.30 | 0.44 | 0.57 | 0.71 | 0.24 | 0.46 | 0.46 |
| Depreciation | 0.02 | 0.37 | 0.23 | 0.28 | 0.54 | 0.52 | 0.42 | 0.45 | 0.34 | 0.35 |
| Profit before tax | 0.15 | 1.38 | 0.33 | 1.88 | 0.31 | 1.16 | 0.30 | -3.26 | -0.91 | 0.61 |
| Tax % | 26.67% | 35.51% | -18.18% | 32.45% | 35.48% | 31.03% | 20.00% | -4.60% | -2.20% | 0.00% |
| Net Profit | 0.11 | 0.89 | 0.39 | 1.26 | 0.21 | 0.80 | 0.24 | -3.11 | -0.89 | 0.62 |
| EPS in Rs | 0.12 | 0.91 | 0.25 | 0.79 | 0.13 | 0.50 | 0.15 | -1.95 | -0.56 | 0.39 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 9.92 | 19.18 | 18.88 | 26.37 | 25.83 | 23.89 | 16.91 | 20.70 |
| Expenses | 8.87 | 18.02 | 17.06 | 23.98 | 22.43 | 21.47 | 18.07 | 19.47 |
| Operating Profit | 1.05 | 1.16 | 1.82 | 2.39 | 3.40 | 2.42 | -1.16 | 1.23 |
| OPM % | 10.58% | 6.05% | 9.64% | 9.06% | 13.16% | 10.13% | -6.86% | 5.94% |
| Other Income | 0.51 | 0.06 | 0.07 | 0.24 | 0.02 | 1.13 | 0.01 | 0.08 |
| Interest | 0.66 | 1.00 | 0.79 | 0.72 | 0.71 | 1.01 | 0.95 | 0.92 |
| Depreciation | 0.04 | 0.03 | 0.04 | 0.39 | 0.51 | 1.06 | 0.87 | 0.69 |
| Profit before tax | 0.86 | 0.19 | 1.06 | 1.52 | 2.20 | 1.48 | -2.97 | -0.30 |
| Tax % | 29.07% | 31.58% | 29.25% | 34.87% | 25.00% | 31.76% | -3.03% | -6.67% |
| Net Profit | 0.62 | 0.12 | 0.75 | 1.00 | 1.66 | 1.01 | -2.87 | -0.28 |
| EPS in Rs | 0.91 | 0.14 | 0.85 | 1.02 | 1.04 | 0.64 | -1.80 | -0.18 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 2% | -7% | 22% | ||
| Compounded Profit Growth | % | % | % | 90% | ||
| Stock Price CAGR | % | % | -50% | 34% | ||
| Return on Equity | % | 0% | -2% | -1% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.92 | 5.00 | 5.00 | 5.62 | 9.11 | 9.11 | 15.94 | 15.94 |
| Reserves | 0.75 | 1.41 | 2.44 | 4.24 | 11.04 | 12.05 | 29.67 | 29.39 |
| Borrowings | 1.41 | 2.13 | 7.71 | 8.26 | 7.18 | 9.22 | 7.22 | 7.11 |
| Other Liabilities | 9.57 | 13.89 | 14.86 | 21.76 | 11.61 | 4.39 | 8.26 | 18.99 |
| Total Liabilities | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.77 | 61.09 | 71.43 |
| Fixed Assets | 0.06 | 0.05 | 3.56 | 3.36 | 5.04 | 4.39 | 3.67 | 3.08 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 15.59 | 22.38 | 26.45 | 36.52 | 33.90 | 30.38 | 57.42 | 68.35 |
| Total Assets | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.77 | 61.09 | 71.43 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3.14 | -0.96 | 4.36 | -5.50 | -5.46 | 2.07 | -24.06 | 2.38 |
| Cash from Investing Activity | -0.03 | -0.02 | -3.55 | -0.08 | -2.36 | -0.52 | -0.26 | -0.13 |
| Cash from Financing Activity | 3.44 | 0.62 | -0.79 | 5.86 | 7.73 | -1.50 | 24.35 | -2.27 |
| Net Cash Flow | 0.28 | -0.36 | 0.01 | 0.27 | -0.09 | 0.05 | 0.03 | -0.01 |
| Free Cash Flow | -3.17 | -0.98 | 0.81 | -5.68 | -7.66 | 1.66 | -24.21 | 2.28 |
| CFO/OP | -275% | -77% | 257% | -210% | -145% | 111% | 2,074% | 194% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 138.71 | 58.42 | 112.32 | 216.34 | 38.72 | 60.04 | 61.52 | 84.99 |
| Inventory Days | 152.79 | 110.75 | 118.72 | 110.60 | 280.98 | 213.53 | 332.08 | |
| Days Payable | 406.88 | 238.23 | 253.64 | 314.55 | 170.64 | 11.99 | 813.02 | |
| Cash Conversion Cycle | -115.37 | -69.05 | -22.59 | 12.40 | 149.06 | 261.58 | 61.52 | -395.95 |
| Working Capital Days | -82.05 | -93.25 | -146.35 | 1.25 | 119.41 | 141.94 | 695.25 | 549.09 |
| ROCE % | 16.28% | 15.53% | 13.47% | 12.81% | 8.63% | -4.86% | 1.18% |
| Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 35.80% | 35.80% | 35.80% | 35.80% | 35.80% | 35.80% | 34.01% | 27.59% | 23.51% | 24.77% | 27.83% | 27.83% |
| Public | 64.20% | 64.20% | 64.20% | 64.20% | 64.20% | 64.20% | 65.99% | 72.41% | 76.49% | 75.23% | 72.17% | 72.17% |
| No. of Shareholders | 263 | 269 | 339 | 433 | 1,266 | 1,349 | 1,962 | 2,151 | 2,108 | 2,085 | 1,819 | 1,769 |
Fundamentals
Market Cap₹ 18.2 Cr.
Current Price₹ 11.4
Book Value₹ 28.4
ROCE1.18 %
ROE-0.62 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)90%
Standalone figures.
Valuation
Market capRs 10 Cr
Enterprise valueRs 19 Cr
P/E (TTM)9.78x
Price to book0.47x
Price to sales0.41x
EV / EBITDA5.30x
EV / EBIT7.56x
EV / sales0.79x
Price to cash flow4.77x
Earnings yield10.22%
P/E, 3-year average46.10x
P/B, 3-year average3.22x
P/E, 5-year average46.10x
P/B, 5-year average3.22x
Profitability
Operating margin (excl. other income)10.13%
Operating margin (incl. other income)14.86%
EBITDA margin14.86%
Pre-tax margin6.20%
Net profit margin4.23%
ROE4.89%
ROCE8.63%
ROA2.74%
ROE, 3-year average9.17%
ROCE, 3-year average11.63%
ROA, 3-year average3.27%
ROE, 5-year average8.10%
ROCE, 5-year average13.36%
ROA, 5-year average2.66%
ROIC (approx.)5.65%
Tax rate31.76%
Other income / net worth5.34%
Growth
Sales growth (latest year)-7.51%
Profit growth (latest year)-39.16%
Sales CAGR, 3 years8.16%
Sales CAGR, 5 years19.22%
Profit CAGR, 3 years10.43%
Profit CAGR, 5 years10.25%
Per share
EPS (TTM)Rs 1.11
EPS (latest year)Rs 1.11
EPS, 3-year averageRs 1.57
EPS, 5-year averageRs 1.02
Book value per shareRs 23.23
Sales per shareRs 26.23
Cash flow per shareRs 2.27
Free cash flow per shareRs 2.50
Efficiency
Asset turnover0.69x
Fixed asset turnover5.44x
Inventory turnover1.71x
Inventory days213 days
Debtor days60 days
Debtors turnover6.08x
Creditor days813 days
Cash conversion cycle-396 days
Working capital days549 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 0 Cr
Net debtRs 9 Cr
Debt to equity0.44x
Net debt / EBITDA2.52x
Interest coverage2.47x
Owners' fund to total sources60.86%
Debt to assets26.52%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years-58.79x
Sales to cash flow11.54x
Statement figures
Net sales (TTM)Rs 24 Cr
Net sales (latest year)Rs 24 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 17 Cr
Total expenditure (latest year)Rs 21 Cr
Total income (latest year)Rs 25 Cr
Share capitalRs 9 Cr
ReservesRs 12 Cr
Shareholders' fundsRs 21 Cr
Total assetsRs 35 Cr
Net blockRs 4 Cr
ReceivablesRs 4 Cr
InventoryRs 10 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.91
Ownership
Promoter holding27.83% (+0.24 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 9.8 is at the 20th percentile of its own 3.3-year range
(median 20.8, low 3.6, high 140.9).
P/B 0.47 is at the 6th percentile (median 3.87).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GSTL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.8% | -2.8% | -6.0 pts |
| 1 month | -19.0% | -6.8% | -12.2 pts |
| 3 months | -45.8% | -7.6% | -38.1 pts |
| 6 months | -53.9% | +0.4% | -54.3 pts |
| 1 year | -18.4% | -9.9% | -8.5 pts |
| 2 years | -75.4% | -13.6% | -61.8 pts |
| 3 years | -89.0% | +14.2% | -103.2 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -242% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 43% vs sales -8% in 2026 |
| explain | Share dilution Share count up 0% in a year, 81% in three |
| look | Profit leans on other income Other income was 76% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹13 Cr -7.3% vs Mar 2024.
Net profit ₹1 Cr -22.5%.
Against our estimate for Mar 2026: sales +232.0%, profit +456.3% beat.
Activity
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| Black Box Ltd | 14,435 | 50.5 | 21.6 % |
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| BLS E-Services Ltd | 2,922 | 50.3 | 16.4 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 300perc in previous 365 DaysHigh low price variation greater than 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Globesecure Technologies Ltd?
Globesecure Technologies Ltd (GSTL) has a market capitalisation of Rs 18.2 Cr. at the 2026-09-30 close.
What were Globesecure Technologies Ltd's latest quarterly results?
In the Mar 2026 quarter, Globesecure Technologies Ltd sales was Rs 13 Cr (-7.3% vs Mar 2024) and net profit was Rs 1 Cr.
What is the 52-week high and low of Globesecure Technologies Ltd?
The 52-week high is Rs 37.65 and the 52-week low is Rs 5.95.